Fee-Simple Home Depot

Highlights:

• Rare Fee-Simple (Not Ground Lease) - Single Tenant Location NNN Lease With Zero Landlord Responsibilities
• Long Term History at Location - Three Years of Term Remaining With Nine Options Available to Extend - Each Five Year Option Includes a 5% Increase
• Busy Retail Corridor Off I-69 and SR-3 Interchange, Just Four Miles North of Downtown Fort Wayne - Extremely Low Vacancy Rate in the Market - Interchange Location Surrounded by Hotels
• Great Retail Demographics with an Area Population of Over 135,900 and a Daytime Population of over 183,000 within a 5-Mile Radius
• Nearby Retailers Include: The Home Depot, Meijer, Lowe’s, Starbucks, Burger King, Panda Express, Chipotle Mexican Grill, and many more
• Traffic counts range from 16,000 VPD on nearby Washington Center Road, 50,000 VPD on IN SR-3 and 70,000 VPD on I-69

Description:

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​Fort Wayne, Indiana's retail real estate market has demonstrated notable resilience and growth, particularly in the big-box retail segment. Among the retail sub types, neighborhood center vacancy stands at 8.9%, power center vacancy is 4.1%, strip center vacancy is 3.2%, mall vacancy is 1.3%, and general retail vacancy is 1.7%. The Fort Wayne retail market has roughly 1.3 million SF of space listed as available, for an availability rate of 4.1%.

As of the second quarter of 2025, there is 27,000 SF of retail space under construction in Fort Wayne. In comparison, the market has averaged 120,000 SF of under construction inventory over the past 10 years. The Fort Wayne retail market contains roughly 31.3 million SF of inventory. The market has approximately 7.3 million SF of neighborhood center inventory, 1.7 million SF of power center inventory, 1.2 million SF of strip center inventory, 1.9 million SF of mall inventory, and 19.2 million SF of general retail.